Base Metals Technical Analysis - update: Ali vs. Lead spread: weekly reversal pending
Today 12:36 PM
Base metals solutions
The StoneX metals team specializes in exchange-traded aluminum, copper, zinc, lead, nickel, and tin products. We also trade a suite of ferrous products. Spanning more than 35 years, our metals experience and focus on client service rank us as one of the best metals firms in the world.
Explore our base metals solutions
StoneX offers a wide variety of customized financial services to meet your strategic objectives.
Base metals risk management
Protect your margins and enable more significant strategic planning. The Base Metals Team helps clients better manage their risk through customized hedge analysis and implementation and execution strategies.
Derivatives markets
Connect to more than 36 derivative markets worldwide across spot trading, crypto futures, interest rates, currencies, futures, options and more. Let StoneX help you access your next big market opportunity.
Physical commodities in base metals
As a full-service financial franchise, StoneX can offer solutions beyond most metals firms. Our global Physical Commodities Team combines deep market experience and insightful risk management analysis to help clients increase profitability.
Enterprise perspective
Understanding a client’s enterprise is the best way to help identify and manage risks beyond their metals exposure. We first learn our clients’ businesses then select the right financial tools to mitigate those risks.
OTC solutions for base metals
We offer over-the-counter (OTC) products tailored to meet the specialized needs of the metals market, particularly commercial hedgers, including fixed for floating and month-average liquidations that replicate physical pricing terms.
Voice brokerage for base metals
The Base Metals Team offers 24-hour online or voice brokerage trade services in futures, options, swaps, OTC, and foreign exchange through our global operations. Become a StoneX client and trade what, when and how you want.
Global presence. Worldwide opportunity.
As one of only nine ring-dealing members of the London Metal Exchange (LME) and a member of NYMEX/COMEX, our Category One membership offers distinct LME capabilities: OTC contracts, on exchange futures, active averaging desks, and partial tonnage.
We provide clients with a full-service base metals trading capability and global access to the related financial markets 24 hours a day through offices in New York, London and Singapore. We are also a reliable and competitive wholesale supplier of precious metals.
Exclusive membership. Unparalleled access.
As a Type One ring-dealing member of the London Metal Exchange we provide full-service trading capacities and global market access 24 hours a day.
LME products:
- LME base metals (aluminum, copper, zinc, lead, nickel, tin and alloys – Aluminum Midwest Premium, Aluminum European Premium & Alumina), precious metals and a suite of ferrous products including steel rebar, steel scrap and iron ore
- Exchange traded future and OTC contracts
- LME options and TAPOs
- LME averaging
- LME warrants
- Partial tonnage hedging
- Multi-currency FX
Market insights
Our presence on the trading floors of the LME and NYMEX/COMEX informs our robust, global Market Intelligence platform. Delivered across online and voice formats, highlights include extensive daily and monthly fundamental and technical analysis from our team’s expertise.
BMXecute®
Elevate your base metal trading in real time with our reliable, intuitive and secure trading platform. Get instant access to intraday and historic trading archive, order status, cards, and accounts for exchange and OTC products. Take greater control of your risk management strategies.
- BMXecute® is StoneX’s proprietary electronic trading platform providing real-time competitive pricing in base metals.
- Easily access live position analytics and margin monitoring.
- Backed by StoneX’s global team of metals professionals.
- Experience seamless execution.
- Track and view orders in real time.
- Access to liquidity across all time zones, virtually 24 hours a day.
- Online order capability
Physical trading
We’ve extended our offering of physical trading beyond bullion to include the physical trading of LME warrants. From our inventory or our clients’ inventory base, we can source LME material worldwide and present our clients with full back-office service and financing solutions.
StoneX metals brochure
Our team of metals brokers provides futures & OTC execution, clearing, and advisory services to corporate hedgers, investors, and financial service companies.
Why choose StoneX?
Our comprehensive offering goes beyond exchange-traded products in LME metals to include physical trading, OTC, risk management, operational support and market intelligence across the entire global commodities complex. Our focus is client first – always.
Our clients
Our Global Base Metals Team is here to advise and provide metals clients the tools and services necessary to understand risk and the risk management process. After assessing your needs and risk tolerance, we'll design a program to reflect your objectives.
Smelters & refiners
Mitigating risk in base metals starts at the beginning. From mining companies to smelters, refiners to recyclers, we first gain an understanding of your business, then we develop a unique strategy to meet your needs and reach your goals.
Financial institutions
Whether you’re considering base metals for hedging or as a diversifying element for your portfolio, our metals team has a full suite of products to consider, including commodities, equities, currencies and more.
Manufacturers
Our base metals clients run the gamut from manufacturers of transportation and industrial equipment to consumer goods and pharmaceuticals. StoneX is their trusted partner for risk management, hedging, and complete marketing services.
Base metals Market Intelligence
Base Metals Technical Analysis
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Base Metals Technical Analysis - Copper: short term inflection point
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Base Metals Technical Analysis - COMEX Copper: positive short term reversal confirmed
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FAQ
How do I invest in base metals?
Investing in base metals can be done through various methods, including purchasing physical metals through a dealer or trading on one of several metals exchanges.
Base metals futures are contracts that allow investors to speculate on the future price of a given metal. These contracts are traded on a commodities exchange and are a popular way for traders to gain exposure to the base metals market. If you are interested in trading base metals, contact our team today.
What are base metals?
Base metals refer to a group of naturally occurring metallic elements that are more common and less expensive than precious metals. The most recognized base metals include aluminum, copper, zinc, lead, nickel, and tin. These are highly sought metals for various applications, including industrial manufacturing, electronics, pharmaceutical, construction, and investment.
StoneX: We open markets
Our market expertise, advanced platforms, global reach, culture of full transparency and commitment to our clients’ success all set us apart in the financial marketplace.
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GlobalityWith access to 40+ derivatives exchanges, 180+ foreign exchange markets, nearly every global securities marketplace and numerous bi-lateral liquidity venues, StoneX’s digital network and deep relationships can take clients anywhere they want to go.
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TransparencyAs a publicly traded company meeting the highest standards of regulatory compliance in the markets we serve; our financials and record of accomplishment are matters of public record. StoneX’s commitment to “doing the right thing over the easy thing” sets us apart in the industry and helps us build respect, client trust and new partnerships.
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ExpertiseFrom our proprietary Market Intelligence platform, to “boots on the ground” expertise from award-winning traders and professionals, we connect our clients directly to actionable insights they can use to make more informed decisions and achieve their goals in the global markets.
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The subsidiaries of StoneX Group Inc. provide financial products and services, including, but not limited to, physical commodities, securities, clearing, global payments, risk management, asset management, foreign exchange, and exchange-traded and over-the-counter derivatives. These financial products and services are offered in accordance with the applicable laws in the jurisdictions in which they are provided and are subject to specific terms, conditions, and restrictions contained in the terms of business applicable to each such offering. Not all products and services are available in all countries. The products and services offered by the StoneX Group of companies involve risk of loss and may not be suitable for all investors. Full Disclaimer.
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No part of this material may be copied, photocopied or duplicated in any form by any means or redistributed without the prior written consent of StoneX Group Inc. The information herein is provided for informational purposes only. This information is provided on an ‘as-is’ basis and may contain statements and opinions of the StoneX Group of companies as well as excerpts and/or information from public sources and third parties and no warranty, whether express or implied, is given as to its completeness or accuracy. Each company within the StoneX Group of companies (on its own behalf and on behalf of its directors, employees and agents) disclaims any and all liability as well as any third-party claim that may arise from the accuracy and/or completeness of the information detailed herein, as well as the use of or reliance on this information by the recipient, any member of its group or any third party.
StoneX Financial Ltd is authorized and regulated by the Financial Conduct Authority and is a Category 1 Ring Dealing Member of the London Metal Exchange. The FCM Division of StoneX Financial Inc. acts in the capacity of an agent in the U.S. for StoneX Financial Ltd. Commodity trading involves risks, and you should fully understand these risks before trading. This information shall not constitute a solicitation to buy or sell futures or options contracts, or OTC products. ‘StoneX’ is the trade name used by StoneX Group Inc. and all its associated entities and subsidiaries.
Through the FCM Division of StoneX Financial Inc., a clearing member of the Commodity Exchange (COMEX) and the New York Mercantile Exchange (NYMEX), the Metals Team provides comprehensive futures and options on these exchanges. OTC swaps are also available on these products through StoneX Markets LLC. Through our membership on the Chicago Mercantile Exchange (CME), our clients can access its full product slate including the plastics, NGL, and olefins contracts.
The FCM Division of StoneX Financial Inc. is a Futures Commission Merchant registered with the Commodities Futures Trading Commission ("CFTC").
The trading of commodities and derivatives such as futures, options, and swaps involves substantial risk of loss and may not be suitable for all investors. Advisory services as well as the trading of futures and options is available through various subsidiaries of StoneX Group Inc. including but not limited to the FCM Division of INTL FCStone Financial Inc. Public Disclosures for the FCM Division of INTL FCStone Financial Inc. The trading of over-the-counter products or swaps is available through subsidiary stoneX Markets LLC to individuals or firms who qualify under CFTC rules as an eligible contract participant. Please click here for the full disclaimer.
StoneX Financial Pte. Ltd. ("SFP") (Co. Reg. No 201130598R) is regulated by Monetary Authority of Singapore and holds a Capital Markets Services Licence (CMS100476) for Dealing in Securities, Collective Investment Schemes, Exchange-Traded Derivatives Contracts, Over-the-Counter Derivatives Contracts, and Spot Foreign Exchange Contracts for the Purposes of Leveraged Foreign Exchange Trading, is an Exempt Financial Advisor under the Financial Advisors Act 2001, and is a Major Payments Institution (PS20200625) under the Payment Services Act 2019 for Cross Border Money Transfers.
StoneX Financial (HK) Limited ("SHK") (CE No.: BCQ152) is regulated by the Hong Kong Securities and Futures Commission for Dealing in Securities and Dealing in Futures Contracts.
StoneX APAC Pte. Ltd. (“SAP”) (Co. Reg. No 200616676W) is regulated as a Dealer (PS20190001002) under the Precious Stones and Precious Metals (Prevention of Money Laundering and Terrorism Financing) Act 2019 for purposes of anti-money laundering and countering the financing of terrorism. SAP is an “Approved International Trading Company” authorized to act as a “Spot Commodity Broker” under the Commodity Trading Act.
SFP acts as an appointed agent for SFL's payment services business.